Businesses That We Have Sold

Lightspeed Networks is an Arizona telecommunications infrastructure contractor generating over $20 million in annual revenue. Synergy approached private equity groups and strategic acquirers, generating multiple offers within weeks. The selected strategic buyer offered approximately 80% cash at closing while allowing the owners to retain 20% equity and participate in the company’s future growth. The transaction closed in under six months at approximately 4.8 times net cash flow, demonstrating Synergy’s ability to create buyer competition and complete a substantial construction and technology transaction quickly.

Maspeth Supply Company was a family-owned water and sewer-main construction company generating approximately $50 million in annual revenue. Synergy obtained a full-price offer from an offshore strategic buyer within one month. When that buyer subsequently failed to obtain financing, Synergy immediately reengaged a highly qualified backup prospect and received an above-asking offer within hours. The transaction required overcoming difficult bonding-transfer and working-capital issues, but the relationships Synergy established among the buyer, seller, and attorneys kept the deal moving through closing. Contact us if you would like to sell your water utility construction company. 

Synergy represented Iron Pony, a Virginia-based commercial concrete finishing, polishing, sealing, and painting contractor serving customers throughout Virginia, Maryland, and Washington, D.C. It generated more than $15 million in annual revenue and employed more than 30 people. Synergy’s outreach to private equity groups and strategic acquirers produced three letters of intent. The resulting competition enabled the company to sell above its asking price. The transaction closed in approximately ten months and provides a strong example of Synergy’s construction-industry expertise. The seller contacted us based on our previous success in selling concrete and contracting companies. 

Honest Abe Plumbing was a Maryland-based plumbing, chimney-services and HVAC company. The business employed approximately 25 people and attracted immediate strategic interest. Synergy produced multiple offers during the first week of marketing and selected a private-equity-backed HVAC company that was growing through acquisition. The owner remained with the company to assist with the transition before retiring. The transaction closed at approximately 3.4 times net cash flow and took only four months from start to finish.

Carrollwood Windows & Doors was a major regional supplier and installer of windows and doors serving builders and homeowners throughout Florida. The company generated over $20 million in annual revenue. Synergy introduced private equity groups, high-net-worth individuals, and strategic companies from within the industry. The successful buyer was a larger window-and-door company pursuing growth through acquisition and was willing to pay the full asking price. Although the transaction required a longer process, its operating scale and strategic outcome make it an important construction-related credential.

Mohegan Associates was a New York highway infrastructure contractor with more than $35 million in committed customer work in its pipeline. The company held state-government contracts involving roads, bridges, guardrails, signage, and other highway infrastructure projects. Synergy identified a large construction company with complementary capabilities as the strategic buyer. The acquisition allowed the buyer to broaden its services while adding an established workforce, government relationships, contracted projects, and recurring customer demand.

Benchmark Environmental Consultants provided environmental assessments, impact studies, subsurface investigations, remediation planning, indoor-air-quality services and sustainability consulting to customers nationwide. Its clients included wireless telecommunications companies, government agencies and Fortune 500 businesses. Synergy located multiple interested parties, negotiated mutually acceptable terms and moved due diligence forward quickly. The transaction closed in approximately four months. The company was also certified as both a Disadvantaged Business Enterprise and a Historically Underutilized Business.

Two owners were ready to retire after working together for many decades. They didn’t know anything about the process of selling a business and liked the fact that we had prior experience selling Surveyor companies. We were able to introduce two Surveyor companies that were very interested in the business. We were able to sell the business for the full asking price. The sellers will stay on after the sale to help with the training and transition of the company. Contact us to sell your Land Surveying Business.

The company is one of the largest electrical contractors in Western New York, with over 70 employees. They have 7 figure projects with prominent builders as well as smaller contracts with residential customers. They have 23 city and town licenses throughout Western NY. The owner is in his 50s and was ready to transition into retirement after building up a great business. We introduced several buyers, and the best offer came from a wealthy individual investor that was partnering with someone that owned another electrical contracting company in New Jersey. During the sales process, they had to furlough 2/3 of their employees due to the COVID-19 lockdown. When upstate NY reopened, their business went back to previous levels, and the buyer was confident in closing the deal. They were able to get bank financing. The seller will stay on for a couple of years to help with a transition. He will be paid a salary with benefits and will also have profit sharing during that time.

They provide installation and service of Heating, Ventilation, and Air Conditioning systems for commercial and residential customers. They also provide energy rating services that allow their customers to use energy more efficiently. In addition to conventional HVAC systems, they offer installation of solar and geothermal systems. The owner of the business was eager to retire and relocate overseas to the country where he grew up. We were able to introduce a buyer to him within a week and close the deal in 3 months. The seller will stay on for a couple of months to help with the transition before he moves overseas. Contact Synergy Business Brokers to sell your HVAC company.

Environmental Services company with a unique approach that allows them to offer both on and off-site solutions. We found a buyer that was a larger company in the same industry based in Ohio that was interested in expanding geographically as well as expanding into services that this company provides. The staff includes licensed, seasoned veterans from the environmental industry with a focus on environmental compliance and professional technicians and CDL drivers. Since they don’t own or operate any landfills, TSDs, recycling centers, or CWTs, they offer independent solutions. Their wastewater consulting services focus on developing onsite treatment programs while the waste management specialists offer an array of options for landfill, landfill-free, treatment, EFW, recycling, and repurpose.  Included with the business are vehicles for the safe movement of waste streams to off-site disposal and recycling centers.

They provide lawn care, tree services, masonry, sprinkler systems, and more. The seller wanted to retire and had previously hired another broker that was unable to get them the price that they were looking for. We were able to introduce multiple buyers, including some other large Landscaping companies that were looking to expand. However, the highest offer that was acceptable to the owner came from an individual from Pennsylvania that did not have experience in Landscaping but was interested in moving back to New York and buying a NY based business. We arranged bank financing so the seller only had to provide 10% of the price in the form of seller financing and 90% of the amount was paid at the closing with the bank providing 70% of the price and the buyer 20%. Contact us to sell your Landscaping Business or view our Landscaping Businesses for sale. 

A company that has been established for over 40 years providing telecommunications cabling services for broadband and traditional telecom customers. In addition to installation and maintenance, they also provide emergency repair. The owner was interested in retiring. We were able to locate a number of potential buyers and the owner was able to sell the business for a multiple of 4 to 5 X their annual net cash flow. The buyers had worked in the industry and had a third-party investor. 

The seller initially contacted us to get some information on selling his garage door business. As he became more comfortable speaking with us, he decided to list his business with us. We were able to get a number of buyers quickly, and he accepted an offer for his business within a week of listing it for more than $200,000 over his asking price. The buyer was a large garage door company that was growing through acquisitions. The deal had several twists and turns, with attorneys not agreeing on terms. However, we were able to resolve the differences and close on the sale within a few months of listing the business.

AISC certified shop utilizing skilled fabricators, welders, and estimators delivering high-quality products including stairs, railings, connection parts, and more. They have a large 48,000 sq. ft. facility. Established over 30 years. Located in the Washington, DC area of Maryland. The business had multiple offers and was sold for the full asking price. The business was purchased by an entrepreneur that had previously purchased another business from us last year and is looking to build his portfolio with future purchases from us. The sellers were comfortable that the buyer would take care of their employees and customers going forward.  Contact Synergy Business Brokers to sell your metal fabrication business. 

A company that provided roofing, siding, and other exterior construction work. The seller was speaking to a buyer that was taking a long time to consummate a deal. We set up a meeting with a new buyer, and the deal was closed in a record time of a week from the initial introduction of buyer and seller. Contact Synergy Business Brokers to Sell your Roofing Business

A business that provides energy star insulation for both commercial and residential customers saving them money on their Heating and Air Conditioning bills.  We were able to locate a buyer that did not need bank financing and was able to pay over 80% of the purchase price at the closing with the seller financing the balance. Both buyer and seller were a pleasure to work with and were appreciative of our work in facilitating the process. Contact us to sell your insulation business.

As a result of our previous experience selling Landscaping businesses, the owner of the company was confident in our ability to represent him in the sale of his business. We were able to introduce multiple buyers and negotiate a sale price and terms that worked for both buyer and seller. The seller will stay on after the sale and be paid a consulting fee with the number of hours worked decreasing over time.

A business that provides Residential and Commercial Concrete pumping for foundations, walls, floors, and more. The owner had the company for many years and was ready to retire. Our marketing led to multiple offers, and we negotiated terms with a buyer that was able to provide the seller with what they were looking for, and the buyer was able to secure bank financing. Contact Synergy Business Brokers to sell your concrete business.

They work with underground cable networks for many major cable companies. Services include setting telephone poles, splicing fiber and coax, performing cable replacement and line extensions, aerial and underground cable construction, joint trench construction in new subdivisions, 24-hour on-call service, and storm damage repair. Their largest customer made up over 80% of their revenue which many buyers didn’t want. We found a buyer that was comfortable with this and move forward with the purchase. The sale included both the business and the real estate. Contact Synergy Business Brokers to sell your Cable Installation and Maintenance Business.